Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in New York Average homeowners insurance cost in New York Homeowners insurance in New York costs $1,777 per year or $148 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: April 14, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.According to Insure.com’s data analysis, the average cost of homeowners insurance in New York is $1,777 a year. Continue reading to learn more about homeowners insurance rates in New York by ZIP code and insurer. Key Takeaways Homeowners insurance costs an average of $1,777 a year, based on Insure.com analysis.Of all the ZIP codes in New York, 14515 has the most affordable home insurance rates at around $1,210 annually.In New York, American Family provides the most affordable home insurance at an average annual premium of $901. Average home insurance cost in New York by coverage levelIn New York, the annual homeowners insurance cost is $1,777, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $2,307 in New York, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in New York based on dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,305 $109 $200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,340 $112 $300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,777 $148 $300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,816 $151 $400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$2,307 $192 $400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$2,349 $196 $600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$3,439 $287 $600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$3,489 $291 $1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$5,655 $471 $1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$5,716 $476 In New York, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in New YorkIt’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.We have compared the insurers in New York using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in New York. Based on the analysis, Chubb received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.Company Average annual premiumAM Best rating NAIC Complaint IndexOverall scoreChubb$1,884A++0.185NYCM Insurance$1,080A0.214.71AIG$1,564A0.094.63American Family$901A0.374.58Travelers$1,606A++0.544.1State Farm$1,236A++0.953.7Nationwide$1,483A+0.873.6Allstate$1,856A+0.93.36Farmers$3,239A0.543.06Average homeowners insurance cost by company in New YorkAmerican Family has the cheapest homeowners insurance rates in New York. Its average annual cost for New York homeowners is $901. NYCM Insurance and State Farm also offer affordable insurance.By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.The table below shows the average annual and monthly insurance rates for homeowners in New York with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.Company Average annual rate Average monthly rateAmerican Family$901$75NYCM Insurance$1,080$90State Farm$1,236$103Nationwide$1,483$124AIG$1,564$130Travelers$1,606$134Heritage Insurance Holdings$1,626$135Allstate$1,856$155Chubb$1,884$157Farmers$3,239$270New York homeowners insurance rates by ZIP codeIn New York, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.Shop around and compare quotes from different insurance companies to find the best home insurance rates in New York. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.Most affordable ZIP codes for home insurance rates in New YorkNot every area in New York has the same home insurance cost. How much you pay for homeowners insurance in New York depends on many factors, including your ZIP code. Our data shows that 14515 ZIP has low-cost home insurance rates in New York, at about $1,210 a year or $101 monthly.Below you can find homeowners insurance rates for some of the most affordable ZIP codes in New York.ZIP codeAverage annual rateAverage monthly rate14515$1,210$10114514$1,213$10114468$1,214$10114026$1,215$10114586$1,219$10214445$1,221$10214526$1,222$10214450$1,223$10214043$1,225$10214038$1,226$102Most expensive ZIP codes for home insurance rates in New YorkYour ZIP code plays a significant role in determining the cost of your homeowners insurance. In New York, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.In New York, 11976 has the highest homeowners insurance rates, at $3,450 per year.Here, we’ve highlighted some of the most expensive ZIP codes in New York for homeowners insurance:ZIP codeAverage annual rateAverage monthly rate11976$3,450$28711978$3,353$27911968$3,338$27811954$3,328$27711932$3,324$27711975$3,322$27711930$3,319$27711937$3,316$27611949$3,292$27411962$3,279$273Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in New York by cityNew YorkHome insurance rate trend in New YorkWe analyzed home insurance rate trends in New York and found that homeowners insurance rates experienced an overall increase of 5% or $86, from 2022 to 2023.The following data highlights the changes in homeowners insurance rates since 2019.2019 rates2022 rates2023 rates$1,628$1,691$1,777Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in New York.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed April 2025.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in New-York Average renters insurance cost in New York Average car insurance cost in New York Non-owner auto insurance in New York How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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